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October 7, 2019 at 6:40 am | Latest Business News

Sovereign Gold Bond Scheme 2019-20 (Series V) – issue price declared

New Delhi: In terms of Government of India Notification No. F. No. 4(7)-W&M/2019 dated September 30, 2019, Sovereign Gold Bonds 2019-20 (Series V) will be opened for the period October 7-11, 2019.

The issue price of the Bond during the subscription period shall be `3,788 (Rupees Three Thousand Seven Hundred Eighty Eight only) – per gram with Settlement date October 15, 2019, as also published by RBI in their Press Release dated October 04, 2019.

Government of India in consultation with the Reserve Bank of India has decided to allow discount of `50 (Rupees Fifty only) per gram from the issue price to those investors who apply online and the payment is made through digital mode.

For such investors the issue price of Gold Bond will be 3,738 (Rupees Three Thousand Seven Hundred Thirty Eight only) per gram of gold.

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